GBND vs SCHD
GBND vs SCHD
Goldman Sachs Core Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. GBND offers more diversification with 323 holdings.
Side-by-Side Comparison
| Metric | GBND | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.25% | 0.06% | |
| AUM | $523M | $103.7B | |
| Dividend Yield | 3.43% | 3.31% | |
| Holdings | 485 | 104 | |
| YTD Return | -0.27% | +23.31% | |
| 1Y Return | +2.21% | +30.42% | |
| 3Y Return (annualized) | - | +14.66% | |
| 5Y Return (annualized) | - | +9.59% | |
| Volatility (annualized) | 3.2% | 13.6% | |
| Max Drawdown | -2.8% | -33.4% | |
| Fund Family | Goldman Sachs Asset Management | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jun 24, 2025 | Oct 20, 2011 |
GBND vs SCHD Performance
Goldman Sachs Core Bond ETF (GBND) is a ETF from Goldman Sachs Asset Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year GBND returned +2.21% while SCHD returned +30.42%. Year to date, GBND is down 0.27% versus a gain of 23.31% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 3.2% for GBND. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -2.8% for GBND and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.24. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GBND charges 0.25% per year while SCHD charges 0.06%. On a $10,000 position that is $25 vs $6 annually, a gap of $19 per year that compounds over a long holding period. On income, GBND currently yields 3.43% against 3.31% for SCHD.
Holdings Overlap
GBND and SCHD share 0 holdings out of 423 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GBND or SCHD?
GBND has an expense ratio of 0.25% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $19 per year of difference.
Which performed better, GBND or SCHD?
Over the past year GBND returned +2.21% vs +30.42% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), GBND annualized +2.80% vs +11.34% for SCHD. Past performance does not guarantee future results.
Which is riskier, GBND or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 3.2% for GBND. Worst drawdown: GBND -2.8% vs SCHD -33.4%.
Should I hold both GBND and SCHD?
GBND and SCHD have a monthly-return correlation of 0.24, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GBND and SCHD?
GBND and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 423 unique securities.
Which pays a higher dividend, GBND or SCHD?
GBND yields 3.43% while SCHD yields 3.31%, so GBND currently pays the higher dividend yield.
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